Current CEO and founder of Australian Mortgage Brokers, Paul Gollan, has resigned from the business.
Gollan, who launched the branded brokerage and former aggregator back in 2000, told Australian BrokerNews that he had made a decision that the time was now right to pursue new challenges.
"I've been reducing my shareholding over the last couple of years, and quit the shareholding completely late last year," Gollan told Australian BrokerNews.
"I am working with the board during this transition period, and as far as what I am doing next, I won't be making any formal announcements until after my final day," he said.
Gollan said that he would be sad to leave the business he was with for 12 years. "It's my baby, it's a company I started, and I am very fond of it and the people in it," he said.
"There is not, pound for pound, a better group of brokers anywhere in the country," he said.
Gollan said the board would be seeking a replacement CEO, and that his final day had not been decided.
Gollan has been in the mortgage broking industry since 1994. He said that one of his greatest achievements had been maintaining quality amidst the heady growth of the last decade.
"I don't believe we ever compromised on quality for the sake of growth. We got a good balance between building a quality group of business owners, and not compromising on quality," he said.
Gollan said the 'break-neck' speed at which companies grew in the early 2000's still amazed him.
"Looking back, I'm staggered at how big our teams were. It is amazing how quickly our business was able to grow, but the GFC had some major impacts on that," he said.